Arbor Realty Trust (ABR) Releases Quarterly Earnings, Beats Expectations By $0.04 EPS
Arbor Realty Trust (NYSE:ABR) announced its earnings results on Friday. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.04, ARN reports.
Arbor Realty Trust (NYSE:ABR) traded down 0.14% on Friday, hitting $7.04. The stock had a trading volume of 48,218 shares. Arbor Realty Trust has a one year low of $5.78 and a one year high of $8.60. The stock has a 50-day moving average of $6.85 and a 200-day moving average of $6.88. The company has a market cap of $345.9 million and a price-to-earnings ratio of 20.43.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date of this dividend is Friday, February 21st.
Arbor Realty Trust, Inc is a specialized real estate finance company. The Company invests in a diversified portfolio of structured finance assets in the multi-family and commercial real estate markets.
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